Uzbekistan: Fertilizer Market 2024

Fertilizer Market Size in Uzbekistan

The Uzbek fertilizer market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed strong growth. Fertilizer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fertilizer Production in Uzbekistan

In value terms, fertilizer production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, faced a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Fertilizer Exports

Exports from Uzbekistan

In 2022, shipments abroad of fertilizers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, fertilizer exports surged to $X in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkmenistan (X tons), Kazakhstan (X tons) and Tajikistan (X tons) were the main destinations of fertilizer exports from Uzbekistan, with a combined X% share of total exports. Greece, Bulgaria, Poland, Kyrgyzstan, Latvia, Afghanistan, Japan, China, Ukraine and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkmenistan ($X), Tajikistan ($X) and Greece ($X) were the largest markets for fertilizer exported from Uzbekistan worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Turkmenistan, with a CAGR of X.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fertilizer export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate pronounced growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Uzbekistan

In 2022, imports of fertilizers into Uzbekistan surged to X tons, increasing by X% on 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, fertilizer imports soared to $X in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of fertilizer to Uzbekistan, accounting for a X% share of total imports. Moreover, fertilizer imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Kyrgyzstan (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of fertilizers to Uzbekistan, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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